Super DPS Plan

A very popular small savings scheme for the conscious saver. In this scheme customer will be able to deposit in affordable installments and on completion of the term customer will receive a very handsome amount.

TERMS AND CONDITION

1. Any Individual, Institution, NGO, Club, Society etc. can avail this scheme.
2. Account can be opened and operated singly or jointly as per client’s choice.
3. The period of deposit is for 3/5/7/10 years.
4. Installment size will be in multiples of 1,000/-.The maximum installment size will be 25,000/-.
5. Customer is eligible to open more than one account in the same branch.
6. Customer will pay installments through account payee cheque in the name of BLI Ltd. However, he has the option to give post dated cheque(s) /cash.
7. If a customer fails to pay 3 consecutive installments then the plan will cease to function and payment will be made as per clause#
8. For premature/forced encasement, for 1st year no interest will be paid but for 2nd year and beyond premature encasement rate will be 5% lower than agreed rate. A service charge of BDT 500/-will be applicable if en-cashed within first year.
9. The Depositor must nominate one or more individuals as nominee. In case of death, deposit will be en-cashed with applicable interest and paid to the nominee’s.
10. The account s shall be governed by the terms and conditions as contained herein and shall be subject to the laws of Bangladesh as applicable from time to time.BLI reserves the right to change rules as and when deemed necessary.
11. Maturity value is an indicative figure. Tax/Excise Duty will be deducted as per govt. rules.

Loan Advantage - Customer can avail loan up to 90% of the deposit bat the minimum deposit balance should be Tk. 100,000/-. The rate of interest will be minimum 2.5% above the rate of deposit.